Gold (XAUUSD) Trade Plan – 4H Chart Analysis

Hello everyone,

GOLD 4H NEW FORECAST

📌 Market Structure & Trend

The price is in a strong uptrend with consistent higher highs and higher lows.

A breakout above the previous All-Time High (ATH) occurred but faced resistance.

The price is currently retesting the breakout zone (~2,935.000 - 2,938.000).

🔹 Bullish Scenario (Buy Setup)
📍 Entry:

If price stays above 2,935.000 (pivot level), wait for a bullish confirmation (e.g., bullish engulfing, strong rejection wicks).
A break and retest of 2,938.000 with a bullish candle close can be a good buy opportunity.
🎯 Targets:

First target: 2,956.000 (next resistance)
Final target: 2,972.000 (major resistance)
🛑 Stop Loss:

Below 2,920.000 (previous swing low) to allow for minor pullbacks.

🔻 Bearish Scenario (Sell Setup)
📍 Entry:

If price fails to hold 2,935.000 and closes below it, expect a potential drop.
A strong rejection from 2,938.000 - 2,940.000 with bearish confirmation (e.g., double top, bearish engulfing) could indicate a reversal.
🎯 Targets:

First target: 2,880.000 (major support)
Final target: 2,840.000 (deeper retracement level)

🛑 Stop Loss:
Above 2,950.000 to protect against sudden spikes.